There are three plan options available with the following benefits:
Plan 1:
Total Takaful Benefit: AED 250,000
Lump Sum Takaful Benefit: AED 125,000 (Education Fund)
Annual Education Allowance: AED 25,000
| Year | Education Allowance | Remaining Future Annual Education Allowance Payable | Early Redemption of Remaining Future Annual Education Allowance Payable |
|---|
| 1 | AED 150,000* | AED 100,000 | AED 75,000 |
| 2 | AED 25,000 | AED 75,000 | AED 56,250 |
| 3 | AED 25,000 | AED 50,000 | AED 37,500 |
| 4 | AED 25,000 | AED 25,000 | AED 18,750 |
| 5 | AED 25,000 | 0 | 0 |
* Includes the payment of Education Fund and the first (1st) installment of Annual Education Allowance.
Plan 2:
Total Takaful Benefit: AED 350,000
Lump Sum Takaful Benefit: AED 175,000 (Education Fund)
Annual Education Allowance: AED 35,000
| Year | Education Allowance | Remaining Future Annual Education Allowance Payable | Early Redemption of Remaining Future Annual Education Allowance Payable |
|---|
| 1 | AED 210,000* | AED 140,000 | AED 105,000 |
| 2 | AED 35,000 | AED 105,000 | AED 78,750 |
| 3 | AED 35,000 | AED 70,000 | AED 52,500 |
| 4 | AED 35,000 | AED 35,000 | AED 26,250 |
| 5 | AED 35,000 | 0 | 0 |
* Includes the payment of Education Fund and the first (1st) installment of Annual Education Allowance.
Plan 3:
Total Takaful Benefit: AED 500,000
Lump Sum Takaful Benefit: AED 250,000 (Education Fund)
Annual Education Allowance: AED 50,000
| Year | Education Allowance | Remaining Future Annual Education Allowance Payable | Early Redemption of Remaining Future Annual Education Allowance Payable |
|---|
| 1 | AED 300,000* | AED 200,000 | AED 150,000 |
| 2 | AED 50,000 | AED 150,000 | AED 112,500 |
| 3 | AED 50,000 | AED 100,000 | AED 75,000 |
| 4 | AED 50,000 | AED 50,000 | AED 37,500 |
| 5 | AED 50,000
| 0 | 0 |
* Includes the payment of Education Fund and the first (1st) installment of Annual Education Allowance.
There are three plan options available with the following Annual Contribution Amounts:
| Plan Option | Plan 1 | Plan 2 | Plan 3 |
|---|
| Contribution Amount | AED 500 | AED 700 | AED 1,000 |
